BP announces compensation deal

Energy firm promises relief for people hit by oil spill after White House negotiations.

    A compensation deal on the BP oil spill in the Gulf of Mexico was reached on Wednesday after the energy company's high-level executives held negotiations behind closed doors with the White House for four hours.

    BP has promised to pay $20bn in compensation to victims of the disaster.

    The company also cancelled dividend payments to shareholders for the rest of the year.

    But oil has been leaking for two months now and BP was only able to contain less than half of the oil that was gushing into the sea from the damaged well.

    Al Jazeera's Tom Ackerman reports on the compensation deal.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Visualising every Saudi coalition air raid on Yemen

    Visualising every Saudi coalition air raid on Yemen

    Since March 2015, Saudi Arabia and a coalition of Arab states have launched more than 19,278 air raids across Yemen.

    Lost childhoods: Nigeria's fear of 'witchcraft' ruins young lives

    Lost childhoods: Nigeria's fear of 'witchcraft' ruins young lives

    Many Pentecostal churches in the Niger Delta offer to deliver people from witchcraft and possession - albeit for a fee.

    Why did Bush go to war in Iraq?

    Why did Bush go to war in Iraq?

    No, it wasn't because of WMDs, democracy or Iraqi oil. The real reason is much more sinister than that.